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Baytex Energy Snapshot
Nowhere near a body of water or Texas, Baytex (formerly Energy Trust) dips deep into interests in oil, natural gas liquids (NGLs), and natural gas operations in Alberta, British Columbia, and Saskatchewan. It has two main divisions: the heavy oil segment, which accounts for about 61% of Baytex Energy's daily production, and the conventional oil and gas segment, which produces light and medium gravity crude oil, natural gas, and NGLs. It also has assets in the US. The company has proved and probable reserves of more than 18 million barrels of oil equivalent. In 2011 Baytex changed from an investment trust to a corporation to secure better financial returns following a change in tax law.
